Formula 1 Commission to hold a meeting in Geneva to discuss major concerns – Formula 1 news
Formula 1 Commission will be holding a meeting to discuss a range of issues that have been in spotlight for weeks now.
The meeting is scheduled to take place this weekend.
There have been numerous concerns raised by the teams that the Formula 1 chiefs plan to finally decide on. The meeting was originally scheduled to decide only the name change issue. However, in the wake of recent developments in the Formula 1 world, the
meeting’s agenda has been revised to include an array of other issues.
Team like Renault GP, Lotus and Virginia Racing had demanded a name change for their team but their demands were suppressed when a few teams opposed to this and hence the matter was put to hold until November’s Formula 1 Commission meeting.
The issue will now be addressed at the meeting where if it gets majority votes from the commission’s representatives, the teams will get a green signal to change their names for 2012.
Other matters that will be discussed during this meeting include the feasibility of technical collaboration between teams, the calendar for 2012 season, ways of attracting sponsorship deals, and the technical regulation changes that have been introduced
by the Technical Working Group.
Right now, the only technical collaborations that exist are between the McLaren-Mercedes, Force India and Virgin Racing Team. These technical partnerships have been eyed with a lot of criticism amid fears that they could be breaching the Concorde Agreement
which states that teams must design and manufacture their own cars.
Commenting on the viability of these technical collaborations, Mercedes GP team principal Ross Brawn said, “There is a very clear definition of what a constructor is, and to compete in F1 you have to be a constructor according to the schedule in the Concorde
Agreement. You must own the IP and own the design of the car. Fundamentally you must design all of it apart from the engine and transmission, which is free.”
The one other issue that is planned to be discussed during the meeting is the possibility of having a third car, which at the moment seems very unlikely.
While the three aforementioned teams wait on hearing the final verdict of the Commission regarding the name change issue, the rest of the Formula 1 world is eager to see how the outcome of this meet helps in re-shaping the future of the sport. Let’s hope
the meeting turns out to be productive and fruitful for all the stakeholders.
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